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Japan's incoming PM keeps up pressure on BOJ to attack deflation

Abe, Japan's incoming prime minister and the leader of Liberal Democratic Party (LDP), speaks during a meeting at the LDP headquarters in TokyoTOKYO (Reuters) - Incoming Japanese Prime Minister Shinzo Abe kept up his calls on Tuesday for the Bank of Japan to drastically ease monetary policy by setting an inflation target of 2 percent, and repeated that he wants to tame the strong yen to help revive the economy. Abe, a security hardliner who will be sworn in as premier on Wednesday, when he is also expected to appoint his cabinet, is prescribing a mix of aggressive monetary policy easing and big fiscal spending to beat deflation and rein in the strong yen. ...

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